About Us


MTN Consulting’s specialty is network spending in telecommunications, cloud and IoT markets. Our mission is to provide clients with insightful, independent, credible and timely analysis of these markets.

Who we are

Matt Walker

MTN Consulting was founded in 2017 by Matt Walker, a telecom analyst with 20+ years of experience in the industry. Matt is a recognized expert in the areas of telco/cloud strategy & finance; technology vendors; network and IT capex/opex; and industry M&A.

Throughout his career, Matt’s primary focus has been network costs (capex & opex) – starting with a 2-year stint building local loop cost models in the late 1990s. That was followed by 9 years as a broadband/optical analyst, and 9 years as the primary capex/opex/finance analyst for a large analyst firm.


Now based in Arizona, Matt has both a global perspective & practical international experience. While living in Thailand from 2001-12, he logged dozens of trips to China, Japan, India, Taiwan and other regional markets, working with most Asian technology companies in the telecom/IT space. Huawei is a company Matt knows especially well; he has tracked it closely since 1999. Asia is consequently a major focus of MTN Consulting’s work.

Matt has an MS in Public Policy Analysis & Economics (University of Rochester; 1995), and a BA in Political Science (UR, 1994).

Personal: married with two daughters.

Contact: matt@mtnconsulting.biz

Subramanian Venkatraman

Subramanian Venkatraman (Subbu) is a Principal Analyst with 10+ years of experience in the industry. He has strong knowledge in areas such as operator strategy & capex/opex and M&A in the TMT space. At MTN Consulting, he conducts quantitative and qualitative research on the networking market’s entire supply chain – from operators and equipment manufacturers to chips and components.

Subbu’s areas of focus include new and emerging transformative technologies, such as NFV/SDN, IoT and 5G. He also tracks the WNO (webscale network operator) segment, particularly the pursuits of the “Super 8” (i.e. Alibaba, Alphabet, Amazon, Apple, Baidu, Facebook, Microsoft and Tencent) in the digital space.

Prior to joining MTN Consulting, Subbu was a Telecom Lead Analyst for a global analyst firm. He worked on various consulting projects including strategic assessments, revenue, cost and profitability modeling, vendor- and service-line deep dives, assessment of service provider pricing strategies, and overall market analysis.

Subbu holds an MBA in Marketing & Finance and a BSc in Computers. He lives with his wife and 4-year old son in Hyderabad, India. He is an avid cricket fan and loves to play tennis.

Contact: subramanian@mtnconsulting.biz

Arun Menon

Arun Menon is a Lead Analyst at MTN Consulting with 10+ years of experience. At MTN Consulting, he tracks the network-related strategy, key investments, and spending pursuits (such as OPEX, CAPEX, R&D, etc.) of leading network operators. Arun provides critical insights and analysis in areas such as strategic, financial, competitive, and market assessments.

Arun also contributes to MTN Consulting’s quarterly WNO Market Landscape tracker, which includes market analysis, spending assessments, and financial KPI benchmarking.

Prior to joining MTN Consulting, Arun was an Assistant Manager at Deloitte where he spent 6+ years working on diverse projects including strategic briefs, competitive assessment, financial and benchmarking analysis, issue-based analysis, and thought leadership/white paper reports.

Arun holds an MBA in Marketing & Finance, and is a BBA graduate. He lives with his wife in Hyderabad, India. He is a fitness buff and a motorbike enthusiast, and loves travelling.

Contact: arun@mtnconsulting.biz


In line with our service rollout plans, we are hiring. We’re looking for seasoned industry experts able to support both ongoing market research and ad-hoc strategic consulting projects:

Open to wide range of backgrounds: telco network planning, data center operations, vendor business development, etc.

Must have strong knowledge of communications network infrastructure (HW&SW) deployment trends; data centers and FTTx are highest priority.

Excellent writing & presentation skills are a must.

MBA or comparable job experience are a plus.

Please send CV and cover letter for more info